Pacific Rim Mining V.PFG Message Board

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Gold/Mining/Energy : Pacific Rim Mining V.PFG

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To: charred who wrote (12463)	1/19/2000 9:31:00 AM
From: Quickdraw	Read Replies (2) of 14627

charred, A few months back I discussed the issue of financing with Barb Henderson (PFG IR). In brief, the discussion left me with the impression that although a financing would not be required in order to complete the first drill program, a private placement of some kind might be considered at the $2.75 level (or thereabouts) to ensure enough cash for any additional drilling/surprises etc.. It was also mentioned that any attempt to raise cash like this would involve as minimal dilution as possible, as if something was going to happen once initial drill results were put out, "it would happen fast" therefore it didn't make sense to carry a lot of cash. Well, here we are today, and it now appears the property is continuing to display its potential and the share price is incrementing to new levels. As such PFG is receiving a number of calls from interested individuals and institutions who would be willing to "get in" on a good thing. I would suggest that there are a number of institutions out there who would be willing to buy a block of shares (not a private placement) at a certain price. Currently negotiations must be taking place to determine the institution(s), and calculations are being done to determine the entry level, the size of the block, weighed against potential gains, risk factors and dilution. I'm not sure how these types of deals typically might play out (if anyone has an example please share) but I do believe that if this is what is happening then the share price will move much higher later on ... how much more I do not know. Clearly this is an opportunity for PFG to rejuvinate its cash if Luicho does not play out and I consider it a good business decision as long as they keep to as minimal a dilution as possible. Qd

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